https://www.taxtmi.com/caselaws?id=267750 Penalties for short-term excess utilisation of Cenvat credit during the introduction of the fortnightly duty payment scheme were held fit for waiver under the Cenvat Credit and Central Excise Rules. The Tribunal noted that the excess credit was used only for a few days, duty was regularly paid in later fortnights, and any payment through PLA in the relevant fortnight would have remained available for the next period. Without deciding the underlying legality of the utilisation issue, the Tribunal concluded that the facts justified setting aside the penalties. en-us Thu, 18 Jun 2015 00:00:00 +0530 Fri, 13 Nov 2015 19:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267750 Penalties for short-term excess utilisation of Cenvat credit during the introduction of the fortnightly duty payment scheme were held fit for waiver under the Cenvat Credit and Central Excise Rules. The Tribunal noted that the excess credit was used only for a few days, duty was regularly paid in later fortnights, and any payment through PLA in the relevant fortnight would have remained available for the next period. Without deciding the underlying legality of the utilisation issue, the Tribunal concluded that the facts justified setting aside the penalties. Case-Laws Central Excise Thu, 18 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267750